| Initial public offer of 1,51,72,000 equity shares of face value of Re. 2/- each (the "Equity Shares") of Canarys Automations Limited ("The Company" or "Canarys" or "The Issuer") at an issue price of Rs. 31/- per equity share for cash, aggregating to Rs. 47.03 crores ("Public Issue") out of which 7,60,000 equity shares of face value of Rs. 2/- each, at an issue price of
Rs. 31/- per equity share for cash, aggregating Rs. 2.36 crores was reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 1,44,12,000 equity shares of face value of Rs. 2/- each, at an issue price of Rs. 31/- per equity share for cash, aggregating
Rs. 44.67 crores is herein after referred to as the "Net Issue". The public issue and net issue shall constitute 27 % and 25.65 % respectively of the post-issue paid-up equity share capital of the company.
The face value of equity shares is Rs. 2 each. the issue price is Rs. 31 per equity share which is 15.5 times of the face value.
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